Budget 2024

[The Light Was Yellow Sir]

He is a man who owns a farm, who works on a farm regularly, who makes money from his farm while producing goods and/or materials. He is by any and all useful definitions of the word, a farmer.

The National Farmers Union also called it "a disaster". The president of the Country Land and Business Association called it a "betrayal". Maybe they're also uneducated people following whispers when they'll be unaffected. They should have asked you first.

Oh and the Government estimate of only affecting 20,000 farms, and we all know how good Government estimates are no matter who is in charge, represents about 10% of the entire farming industry. I guess those guys can go fuck themselves though because it's "only" 20,000 farms.

Presumably the massive hit to growth and GDP we’ve taken since 2016 should surely have been factored in by the the farmers (and Clarkson) who voted for it?

 

[mosssideblue]

Infected blood to people gave them hepatitis aids etc and passed it on to their kids/families unknowingly all covered up by government and nhs, lots already dead but it’s high because lots need the money for medical bills and they fucking deserve it.

Iirc, the USA were paying for blood to be donated from people who shouldn’t be allowed to donate due to lifesto. Compounding that, the blood was given to the UK patients without being screened and fucked a lot of lives up.

 

[bluethrunthru]

Presumably the massive hit to growth and GDP we’ve taken since 2016 should surely have been factored in by the the farmers (and Clarkson) who voted for it?

To be fair to Clarkson he was not a Brexiter and he wrote articles about how stupid it was that we would leave the EU

 

[bluethrunthru]

Sometimes you read a story and you have to think the journalist has deliberately gone out the find out the most egregious example to wind everyone up. But surely no-one with 60 properties will ever need to work again if they don't want to. Even if they're absolute bottom-of-the-barrel houses, they've got to be worth something like £6 million. Even after taxes, if you can't retire on that (plus their private pension), then you need to reassess your lifestyle. Perhaps not if you want to use the rent of poorer people to fund your sailing around the world dreams though. Of course all of that assumes that they actually own all 60 houses, rather than being on the hook for a huge number of mortgage payments that are being paid by their tenants.

But since they insist that they are investors, it might be worth reminding them that investment is a risk. The value of your assets can go down as well as up. It's literally in huge letters on every stock-related product out there. Their 'meticulous planning' seems to have involved putting all of their investment in an asset that they were sure would provide a particular income indefinitely. No-one would invest money in a local business and automatically expect a return on that investment that would pay for their entire retirement. Everyone would recognise that that's a risk and the business might become very successful, but might go tits up. But landlords seem to have this attitude that they are entitled to some sort of risk-free investment opportunity.

At least 14 years of featherbedded cosseting may explain their approach - for instance a days work "maintaining my properties ( I doubt he is on the tools ) and looking after his family ( something which the average call centre worker does not I assume )"

 

[hilts]

That’s what the country voted for in July.

You lost, get over it.

It’s the will of the people.

:)

Except its not

 

[Mr Kobayashi]

How does it work does anyone know? I have a public sector pension when I die my wife gets a monthly income as far as I know for life, she’s 12 years younger than me that could be a long time.

Following the death of a pensioner member, the survivor's pension would be half of the deceased's pension - that is the value of the pension before any reduction for early payment but after commutation of lump sum

Survivor's pension | Firefighters' Pension Scheme

fpsmember.org

Note that if the husband, wife, civil partner, or cohabiting partner is more than 12 years younger than the member, the survivor's pension would be reduced by 2.5% for every year or part year above the 12 years, to a maximum of 50%.

Did you purposely choose a wife that was only 12 years younger than you? :)

 

[Mr Kobayashi]

So at a stroke Starmer and his twatty party has stolen 40 percent of my surplus pension from my heirs by bringing pensions into IHT.

It's a pension not a tax avoidance vehicle.

 

[metalblue]

The whole big business tax thing is a bit of a misnomer. Amazon for example does not pay tax here so there is no tax to collect. When you buy something from Amazon you pay a company called Amazon EU S.à.r.l. which is domiciled in Luxembourg. In the end this is because Luxembourg granted Amazon a special tax status and the UK didn't.

The only way any anti big business tax would work is if it was levied internationally where there was no escape but that isn't going to happen. It has been talked up but has never worked and it will never work whilst tax havens exist and global companies are so easily able to change their jurisdiction.

This is just the consequence of living in a globalist economy. Other countries have resisted that economy somewhat or they have homegrown industries which won't move but the UK is becoming more globalist. We once built British cars for example whereas now we probably build more Japanese cars in the UK than British cars. Would we want to hit Toyota with further taxation at risk of them potentially moving their manufacturing elsewhere? Probably not.

Things like Pillar 2 that come in to force next year?

 

[I'm With Stupid]

At least 14 years of featherbedded cosseting may explain their approach - for instance a days work "maintaining my properties ( I doubt he is on the tools ) and looking after his family ( something which the average call centre worker does not I assume )"

Haha, 70 or 80 hours a week ffs. What are they doing? Acting as full time security for all their tenants? I've had four landlords in the past seven years. Three of them I literally never met, and absolutely every issue with the flat was sorted via an agent. Other than occasionally transferring some money, there was fuck all work involved in maintaining the property. The whole point of buying property is to generate passive income, which is why so many people see them as an investment for their retirement. If they were a full time job, there would be no point having them in your 70s and 80s, would there?

Of course what he actually means, but isn't saying, is that a lot of landlords do it in addition to a full time job or other business. Which is of course their choice, and good luck to them. But to try and present that as the reality of being a landlord, when what it actually is is being a landlord as a side hustle, is disingenuous.

I'm also a big fan of the 'maintaining my properties' answer to the 'What does a day's work look like for you?' Again, I've lived in four rental properties in seven years, and I'd like to know the total number of hours over those seven years that my landlords, or their employees, collectively spent doing maintenance on those properties. While I was living there, I'd honestly put it at less than 4 hours. Obviously there is a bit more work between tenants, and if you're buying a fixer-upper, it's a bit different, but the idea that they're constantly maintaining them every week. As a tenant, that would be awful. You want to just be left alone.

 

[N1985]

The blood for transfusion was not screened for HIV, hepatitis and other illnesses , so what should save the patients life was in fact a ticking time bomb , it affected thousands and was the biggest medical fuck up , people died or have been left fighting with terrible illness

Bad AIDS or good AIDS?